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Analysis of Cryptocurrency Market Rebound (Happy New Year's Eve)
Wishing all families a Happy New Year's Eve, may your New Year wishes come true!
Recently, the cryptocurrency market has experienced a strong rebound, with Bitcoin rebounding strongly after falling to a low of $60,000 on February 6, and at one point breaking through the $70,000 mark between February 14 and 15, reaching a high of $71,422. This rapid "V-shaped" rebound has sparked widespread discussion in the market about whether it is a trend reversal or a short-term correction.
The following is an overview of the core market data as of February 16:
· BTC: approximately $69,000 (upward resistance $70,000–$72,000; downward support $66,000–$67,000)
Recently, the cryptocurrency market has experienced a strong rebound, with Bitcoin rebounding strongly after falling to a low of $60,000 on February 6, and at one point breaking through the $70,000 mark between February 14 and 15, reaching a high of $71,422. This rapid "V-shaped" rebound has sparked widespread discussion in the market about whether it is a trend reversal or a short-term correction.
The following is an overview of the core market data as of February 16:
· BTC: approximately $69,000 (upward resistance $70,000–$72,000; downward support $66,000–$67,000)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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